Explorer ApS
APSDissolvedAdvertising protectionCVR 37814415Gravene 2, 8800 ViborgTour operator activities· NACE 7912Est. 2016 · 10 years old— employees
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Overview
Explorer ApS is a Danish APS based in Viborg, operating in the Tour operator activities sector. Incorporated in 2016, the company reported a gross profit of DKK 24.3k in its latest annual filing.
Gross profit 2018
24.3K DKK
−118% vs 2017
EBITDA margin (of gross profit)
100.0 %
+119% vs 2017
Net profit 2018
18.7K DKK
+114% vs 2017
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
74.9 %
StrongAmong the 30% highest rated companies in the industry
20172018
Liquidity ratioCurrent assets ÷ Short-term debt
4.0×
Very strongAmong the 20% highest rated companies in the industry
20172018
Return on assets (ROA)Net profit ÷ Total assets × 100
37.6 %
Very strongAmong the 10% highest rated companies in the industry
20172018
EBITDA — year on year
DKK thousandsKey figures
Annual report 2018| Gross profit | 24.3K DKK | -118% |
| EBITDA | 24.3K DKK | +119% |
| Net profit | 18.7K DKK | +114% |
| Total assets | 49.8K DKK | -53% |
| Equity | 37.3K DKK | +101% |
| Employees | — | — |
Company information
Legal name
Explorer ApS
CVR number
37814415
Legal form
Anpartsselskab
NACE code
7912 · Tour operator activities
Founded
11 June 2016 · 10 years
Share capital
DKK 150,000
Employees
—
VAT registered
No
Audit selected
No
Last report
2018-06-30
Financial year
January – December
Signatory rights
Virksomheden kan tegnes af en direktør.
Contact
Address
Gravene 2, 8800 Viborg
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2018), Explorer ApS reported a gross profit of DKK 24.3k. The figures on this page draw on 2 annual filings covering 2017 to 2018. The bottom line showed a net profit of DKK 18.7k, and the EBITDA margin stood at 100%.
At the end of 2018, equity financed 74.9% of the balance sheet, and current assets covered short-term debt 4 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2018 | 2017 |
|---|---|---|
| Gross profit | 24 | -132 |
| Staff expenses | -0 | -3 |
| EBITDA | 24 | -129 |
| Depreciation & amort. | -0 | -0 |
| EBIT | 24 | -129 |
| Net financials | -6 | -2 |
| Profit before tax | 19 | -131 |
| Tax | -0 | -0 |
| Net profit | 19 | -131 |
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Balance sheet
DKK thousands| Item | 2018 | 2017 |
|---|---|---|
| Total assets | 50 | 106 |
| Equity | 37 | 19 |
| Long-term debt | 0 | 0 |
| Short-term debt | 13 | 87 |
| Total debt | 13 | 87 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
100.0 %
20172018
Equity ratio
74.9 %
StrongAmong the 30% highest rated companies in the industry
20172018
Return on equity
50.2 %
Very strongAmong the 20% highest rated companies in the industry
20172018
Net profit margin (of gross profit)
77.0 %
20172018
Asset turnover (of gross profit)
0.49×
20172018
Debt / equity
0.33×
StrongAmong the 30% highest rated companies in the industry
20172018
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 10% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 20% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioVery strong
Among the 20% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioVery strong
Among the 20% highest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery strong
Among the 20% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery strong
Among the 10% highest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 30% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 30% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 30% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 10% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Equity to contributed capitalWeak
Among the 30% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Asset turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
KH Management | Management | 2016 – 2019 |
DE Management | Management | 2016 – 2019 |
JR Management | Management | 2016 – 2019 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 33.33–49.99% | 33.33–49.99% | 2016 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2016 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2016 |
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Company hierarchy
Dan Aagaard Holding ApS
Explorer ApS Board network connections
Board members of Explorer ApS also hold positions in 11 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Dan Elsborg Aagaard | Management | 7 companiesMany roles |
| Kennet Henriksen | Management | 2 companies |
| Jesper Ravn | Management | 2 companies |
Frequently asked questions
What is the CVR number of Explorer ApS?
Explorer ApS is registered with CVR / Virk under CVR 37814415.
What is the gross profit of Explorer ApS?
Explorer ApS reported a gross profit of DKK 24.3k in 2018.
Where is Explorer ApS headquartered?
Explorer ApS's registered address is Gravene 2.